Luxury Daily, June 9, 2017 – Nordstrom’s threat to go private may stave off competitors

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June 9, 2017

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Retail

Nordstrom’s threat to go private may stave off competitors

Department store chain Nordstrom's family members have announced that they are exploring the possibility of returning the corporation to a private business in an effort to stave off stiff competition from Amazon and other online retailers.

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Luxury Memo

LVMH – Luxury Memo special report

French luxury goods conglomerate Moët Hennessy Louis Vuitton’s spirit and governance is propelled by innovative momentum that keeps the group at the forefront of industry change.

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Retail

Social influencers share what they “J’Adoir” for Dior, Bergdorf Goodman pop-up FREE

French fashion house Christian Dior is stepping into New York retailer Bergdorf Goodman’s online store for an exclusive pop-up shop.

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Travel and hospitality

RHS demonstrates how to attract millennials to flower shows

As younger consumers become less interested in landscaping, flower shows such as those by the Royal Horticultural Society are adopting new strategies engrained in the events themselves.

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Retail

Measurement and ROI tracking remain priorities for retailers: report

Traditionally marketing budgets are split between trade, or retailer-level, and brand, or consumer-level, but the rise of ecommerce is causing many brands to combine these two into one category.

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Strategy

Call for nominations: Luxury Women to Watch 2018 FREE

While more women are entering senior and decision-making ranks at luxury marketers, more work needs to be done to attract them to key marketing, retail, media and digital positions in an industry that has shown its resilience in good times and bad.

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News briefs

Waldorf Astoria, Farfetch, Nordstrom, World Oceans Day, Porsche, Sephora and Ritz-Carlton – Live news

Luxury Daily's live news from June 8 - Waldorf Astoria mirrors destination experience with private jet partner; Farfetch looks to further brand development through CMO appointment; Nordstrom explores possibility of going private; Luxury floats sustainability initiatives, advice for World Oceans Day; Porsche fetes limited-edition $258K car with coordinating timepiece; Sephora rounds out beauty looks with expanded virtual try-on experience; Ritz-Carlton Beijing teams with Net-A-Porter for jet-setting tea.

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News briefs

Hudson’s Bay Company, Thomas Pink, Saint Laurent and real estate – News briefs

Today in luxury - Hudson’s Bay Company announces 2K job cuts, including senior management; Thomas Pink appoints John Ray as creative director; Pierre Bergé unveils YSL museums in Paris and Marrakech; Auction in Hong Kong will try to sell Battery Park City penthouse.

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Columns

Inviting opinion pieces on luxury marketing, retail and media FREE

Luxury Daily is inviting opinion pieces on luxury advertising, marketing, media and retail issues that affect marketers as they run multichannel programs for branding as well as customer acquisition, retention and reactivation.

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Columns

5 forces behind luxury fashion’s transformation

Contemporary luxury strategy is about creating modern culture by combining identity, speed and community.

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